The Relative Strength (RS) Rating for Tower Semiconductor entered a higher percentile Wednesday, as it got a lift from 63 to 71.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their largest runs. See if Tower Semiconductor can continue to rebound and hit that benchmark.
Tower Semiconductor is working on a cup with handle with a 47.18 buy point. See if the stock can break out in heavy volume.
Tower Semiconductor posted -2% EPS growth in its most recent report, while sales growth came in at 9%. Look for the next report on or around Aug. 4.
Tower Semiconductor holds the No. 7 rank among its peers in the Electronics-Semiconductor Manufacturing industry group. MACOM Tech Solutions, Taiwan Semiconductor ADR and Analog Devices are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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